Week 25 - December 2024
Eastern Market Indicator (EMI)
Eastern Market Indicator (EMI)
Microns
AWEX Auction Micron Price Guides
Sales held Tue 17th Dec & Wed 18th Dec 2024
Offering (Aust. Only)
Offering (Aust. Only)
Sales Week 25: 19th December 2024
Currency Movements
Currency Movements
Sales Week 25: 19th December 2024
Forecast
Forecast
Scheduled Australian Wool Auction Sales
AWI Commentary
A positive close to Australian wool auctions prior to the three-week Christmas/New Year recess. All Merino prices appreciated a healthy 20 to 30ac/clean kg generally. Some container filling during the selling week though saw some severe price spikes of up to 80ac on some individual sale lots as avoiding holding costs due to delayed shipment if unfulfilled orders came into play weighed above sitting and just paying ruling price levels.
Once again, there appeared to be just the right amount of wool fed into the market by brokers and grower sellers. The management of the auction volumes locally has been commented on by exporters frequently during the first half of this current season, and almost all of it pointed towards a positive endorsement of the complete market awareness and responsibility of brokers. Their actions have certainly assisted price levels being where they are rather than a flooding of supply forcing buyers to have to ease levels down.
Auction activity this week was a replica of the past few weeks whereby the traders led purchasing lists upon opening with the first stage top makers and manufacturers sitting out till levels were established, then stepped up their pressure more towards the close of selling. Additionally, the AUD dropped against the USD by around 1% again helping the market to better prices.
Australian Wool Auctions are now in a three-week recess. Sales will resume in the week commencing 13th January 2025, where all three selling centres will be in operation.
